Nike pops after crushing earnings and sales estimates (NKE)

Nike reported third-quarter earnings and sales that beat analysts' forecasts. 
"As we close Q3, we now see a significant reversal of trend in North America ... ," said Mark Parker, Nike's CEO. Demand for the company's sneakers in North America has waned. 
Gross margins fell for a ninth straight quarter, indicating Nike continued to compete with rivals on price. 
Nike on Thursday reported third-quarter earnings that beat analysts' forecasts for earnings and revenue. 
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